Estonia Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015- 2025

As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

Estonia tire market was valued USD 0.06 Billion in 2019 and is projected to be valued USD 0.08 Billion by 2025. Key factors propelling the growth of Estonia tire market are rising disposable income, increasing urbanization and growing infrastructure sector in the country. In addition to this, increasing automobile sale is leading to expanding automobile fleet which is consequently benefiting Estonia tire market. Moreover, increasing penetration of winter tires and Chinese tires is another major factor contributing to the tire market growth. The market is entirely import driven and increasing FDI inflows in the infrastructure sector is hence supporting the growth of tire market in Estonia.

Estonia tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on vehicle type, the market can be categorized into passenger car, LCV, M&HCV, OTR, two-wheeler and three-wheeler. Among them, the passenger car segment is forecast to dominate the overall Estonia tire market over the next five years owing to increasing purchasing power and growth in the number of nuclear families in the country. The segment is expected to hold more than 88% market share by 2025.

Major companies operating in Estonia tire market are Bridgestone Baltic SIA, Goodyear Dunlop Tires Baltic OÜ, Compagnie Generale des Etablissements Michelin, Continental Aktiengesellschaft (AG), Pirelli & C. S.p.A., Toyo Tire & Rubber Co., Ltd, Hankook Tire Company Ltd., Yokohama Scandinavia AB and Nokian Tyres PLC, among others. Moreover, Bridgestone and Goodyear hold a significant share in Estonia tire market. Leading tire manufacturers are adopting growth strategies such as mergers & acquisitions, partnerships and collaborations.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

• To analyze and forecast the market size of Estonia tire market.
• To classify and forecast Estonia tire market based on vehicle type, demand category, radial vs bias, company and region.
• To identify drivers and challenges for Estonia tire market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Estonia tire market.
• To identify and analyze the profile of leading players involved in the manufacturing tires in Estonia.

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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Estonia.

TechSci Research calculated the market size for Estonia tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Tire manufacturers, suppliers, distributors and other stakeholders
• Vehicle manufacturing companies
• Raw material suppliers
• Associations, organizations, forums and alliances related to tires
• Government bodies such as regulatory authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Estonia tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Estonia Tire Market, By Vehicle Type:

• Passenger Car
• Two-Wheeler
• Medium & Heavy Commercial Vehicle
• Light Commercial Vehicle
• Off-The-Road Vehicle (OTR)
• Three-Wheeler

• Estonia Tire Market, By Demand Category:
• OEM
• Replacement
• Estonia Tire Market, By Tire Type:
• Radial vs Bias
• Estonia Tire Market, By Region:
• Harju
• Ida-Viru
• Laane-Viru

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Estonia tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis